Halma (LON:HLMA) Given New GBX 2,700 Price Target at Berenberg Bank

Halma (LON:HLMA) had its price objective raised by Berenberg Bank from GBX 2,450 ($31.26) to GBX 2,700 ($34.45) in a research report sent to investors on Thursday morning, MarketBeat reports. Berenberg Bank currently has a hold rating on the stock.

Separately, Shore Capital restated a “hold” rating on shares of Halma in a research note on Thursday, November 21st.

Halma Price Performance

Shares of LON HLMA opened at GBX 2,746 ($35.04) on Thursday. Halma has a fifty-two week low of GBX 2,104.01 ($26.85) and a fifty-two week high of GBX 2,771 ($35.36). The business has a 50 day moving average price of GBX 2,565.44 and a two-hundred day moving average price of GBX 2,538.47. The company has a quick ratio of 1.51, a current ratio of 2.45 and a debt-to-equity ratio of 45.83. The firm has a market cap of £10.36 billion, a PE ratio of 3,860.56, a price-to-earnings-growth ratio of 2.93 and a beta of 0.53.

Halma Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, January 31st. Shareholders of record on Thursday, December 19th will be paid a dividend of GBX 9 ($0.11) per share. The ex-dividend date is Thursday, December 19th. This represents a yield of 0.36%. Halma’s dividend payout ratio (DPR) is presently 3,098.59%.

Insider Buying and Selling at Halma

In other news, insider Jennifer Ward sold 50,000 shares of Halma stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of GBX 2,648 ($33.79), for a total value of £1,324,000 ($1,689,421.97). 2.20% of the stock is owned by insiders.

About Halma

Halma plc, together its subsidiaries, provides technology solutions in the safety, health, and environmental markets in the United States, Mainland Europe, the United Kingdom, the Asia Pacific, Africa, the Middle East, and internationally. It operates through three segments: Safety, Environmental & Analysis, and Healthcare.